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  • #967,001
  • Mar 9, 2015 9:30pm Mar 9, 2015 9:30pm
Quoting fxtyrant
{quote} ever thought about the possibility that this sort of market conditions are perfect in catching out amateur fools here to long thinking that the EURUSD "looks/feels" valuable at the current price level.... question i would like to ask. if you are shorting the USD here, id like you to tell me which pair you are Longing against the USD and what are the reasons to justify it??

Shorting USD/JPY. I have a fib level in mind. But I hardly hold those as religion. All I know is that I am trying to get good at getting the fuck out when my mental stop tells me I need to get out. I dont look at my account balance AT ALL. Matter of fact..I close the portions of the screens on my platform. If there is ANYTHING I want to learn with this go around of 5k of my hard earned money is cutting losers dispassionately with no hesitation. If I can accomplish 100+ trades doing just that, even if I blow it all. I would consider that a success. I know its amateur. Thats fine with me. I have a great paying job that pays my bills. I just want to learn VERY WELL that 1 thing.
The coincidental success is more dangerous than the expected failure
  • #967,002
  • Mar 9, 2015 10:12pm Mar 9, 2015 10:12pm
Quoting Neqrotik
{quote} Shorting USD/JPY. I have a fib level in mind. But I hardly hold those as religion. All I know is that I am trying to get good at getting the fuck out when my mental stop tells me I need to get out. I dont look at my account balance AT ALL. Matter of fact..I close the portions of the screens on my platform. If there is ANYTHING I want to learn with this go around of 5k of my hard earned money is cutting losers dispassionately with no hesitation. If I can accomplish 100+ trades doing just that, even if I blow it all. I would consider that...
good luck shorting the USDJPY.... USDJPY is regaining bullish momentum potential next leg move up to 140
you picked perhaps the worst of all to go shorting the usd again...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #967,003
  • Mar 9, 2015 10:14pm Mar 9, 2015 10:14pm
Quoting Neqrotik
{quote} Shorting USD/JPY. I have a fib level in mind. But I hardly hold those as religion. All I know is that I am trying to get good at getting the fuck out when my mental stop tells me I need to get out. I dont look at my account balance AT ALL. Matter of fact..I close the portions of the screens on my platform. If there is ANYTHING I want to learn with this go around of 5k of my hard earned money is cutting losers dispassionately with no hesitation. If I can accomplish 100+ trades doing just that, even if I blow it all. I would consider that...
you cannot teach people to do the right thing, because they are behind a blindfold of their own mind, and they do not want to admit to their selves.. they are like swimming upriver to the pot of gold because the weathers too hot
  • #967,004
  • Mar 9, 2015 10:15pm Mar 9, 2015 10:15pm
Quoting fxtyrant
{quote} good luck shorting the USDJPY.... USDJPY is regaining bullish momentum potential next leg move up to 140 you picked perhaps the worst of all to go shorting the usd again...
Yep. And its about to get cut. Appreciate the heads up though.
The coincidental success is more dangerous than the expected failure
  • #967,005
  • Mar 9, 2015 10:16pm Mar 9, 2015 10:16pm
do you think 'bnp paribas' apparently taking profit here could cause momentum up or is that a drop in the pond lol
  • #967,006
  • Mar 9, 2015 10:21pm Mar 9, 2015 10:21pm
Quoting dskwon
do you think 'bnp paribas' apparently taking profit here could cause momentum up or is that a drop in the pond lol
drop in the pond. theres real money behind the move of EURUSD falling..... large money flows even larger than banks are filling hedging order to buy the dollar now. just so that their profit from european businesses doesnt get wiped out because of dollar appreciation.
its snowballing right now....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #967,007
  • Mar 9, 2015 10:32pm Mar 9, 2015 10:32pm
if you want to learn your way you MUST MUST MUST switch off the News, everything, BBC, sky, Cnbc, Bloomberg etc etc... because if you dont you may close trades out from from other peoples opinions. Maybe have a look at the weekend to see whats been announced

the economic calendar can KISS MY ASS! its never helped anyone learn how to trade
  • #967,008
  • Mar 9, 2015 10:39pm Mar 9, 2015 10:39pm
this is great. very quiet thread today said it all. closed longs from the weekend gap and shorted just before start of asia and have been seeing retail longs / short DXY...so...whatever the 90% is doing you don't want to do. nice posts fxtyrant.
----- Dragonfly out in the sun you know what I mean, don't you know
  • #967,009
  • Mar 9, 2015 10:43pm Mar 9, 2015 10:43pm
Quoting mkvy
if you want to learn your way you MUST MUST MUST switch off the News, everything, BBC, sky, Cnbc, Bloomberg etc etc... because if you dont you may close trades out from from other peoples opinions. Maybe have a look at the weekend to see whats been announced the economic calendar can KISS MY ASS! its never helped anyone learn how to trade
Know what mkvy. This confirms a suspicion that I have developed over the last 3 years. Matter of fact, has even helped validate my personal view of the world and even more so the financial markets. Everyone is out to get theirs. Any such notion that people are there to "inform you" is complete utter fucking bullshit. Good/Evil, God/Devil are amongst some of the most elaborate misinformation campaigns all to serve a single purpose: To extract resources from the ignorant to ensure survival. What was true for Great Britain in the "Guns, Germs, and Steel" book where nations did exactly this to ensure their survival and rule the world back in their imperial hayday is true as well for individuals. Even more so in the financial markets. Its jungle of all jungles.

Sorry i went on a tear. But I am glad an experienced trader like yourself mentioned this.
The coincidental success is more dangerous than the expected failure
  • #967,010
  • Mar 9, 2015 10:44pm Mar 9, 2015 10:44pm
Sort of difficult for me to see it go below 1.074ish for anything but a quick spike, because that opens below parity for me in a shorter time (.95xx). Is it crazy to expect some kind of mild correction until rates being raised? Only other resistance above that is 1.05. Sitting on my hands at the moment, either waiting for correction to start or a retrace to 1.093ish for another sell.
  • #967,011
  • Mar 9, 2015 10:48pm Mar 9, 2015 10:48pm
Quoting Neqrotik
{quote} Know what mkvy. This confirms a suspicion that I have developed over the last 3 years. Matter of fact, has even helped validate my personal view of the world and even more so the financial markets. Everyone is out to get theirs. Any such notion that people are there to "inform you" is complete utter fucking bullshit. Good/Evil, God/Devil are amongst some of the most elaborate misinformation campaigns all to serve a single purpose: To extract resources from the ignorant to ensure survival. What was true for Great Britain in the "Guns, Germs,...
if you worked in the financial world you'll realise Forex is the only market that is a zero sum game market. for 1 big winner to exist, countless small losers are created.
sooo if you really want to make money in forex, FOLLOW the MONEY.... learn to interpret what the big boys are saying... learn to think like one of the big boys.... learn to think like they do and learn how they play this game... and you might. just might eventually succeed in this business...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #967,012
  • Mar 9, 2015 10:50pm Mar 9, 2015 10:50pm
Quoting fxtyrant
{quote} if you worked in the financial world you'll realise Forex is the only market that is a zero sum game market. for 1 big winner to exist, countless small losers are created. sooo if you really want to make money in forex, FOLLOW the MONEY.... learn to interpret what the big boys are saying... learn to think like one of the big boys.... learn to think like they do and learn how they play this game... and you might. just might eventually succeed in this business...
Thanks FX. This is huge to me. I really appreciate this.
The coincidental success is more dangerous than the expected failure
  • #967,013
  • Mar 9, 2015 11:00pm Mar 9, 2015 11:00pm
Quoting Neqrotik
{quote} Thanks FX. This is huge to me. I really appreciate this.
so what if i told you... Big boys they love profits too. but as i explained this is a zero sum game... so if big boys have to win.... some small hedge fund fishes have to be killed.....
hence what we call in the industry as stop runs/stophunts
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #967,014
  • Mar 9, 2015 11:22pm Mar 9, 2015 11:22pm
Downhill till 1.05 then maybe a pull back of 300 pips and then down to 1.00 within the month most likely. 600 pips already down since last week.
Everything you want lies on the other side of fear.
  • #967,015
  • Mar 9, 2015 11:32pm Mar 9, 2015 11:32pm
Quoting ClinicalEx
{quote} Intraday bull trap played out and 1.087 capped this small range after but Max Dooms Friday Daily Pivot gave us the high so WP there. Unexciting and compressed range here but there's only one direction; the question is when and do we get another crawl up north.
As suspected, the first sign of the smallest resistance was enough and the lows couldn't even hold Asia...
  • #967,016
  • Mar 9, 2015 11:37pm Mar 9, 2015 11:37pm
about the only informative news channel in the world is the Japanese one, NHK, which gives you a quick rundown of news that actually worthy of note, and lots of programs about food.
  • #967,017
  • Mar 9, 2015 11:54pm Mar 9, 2015 11:54pm
Quoting flx
{quote} Like this? {image}
You da man
  • #967,018
  • Mar 9, 2015 11:55pm Mar 9, 2015 11:55pm
Gidday Traders

Man shorting all the way down

an adding more as we go.

Still in shorts 1.074 down to 1.07 etc

Went long now small one 1.09+
  • #967,019
  • Mar 10, 2015 12:03am Mar 10, 2015 12:03am
I think this m5 shrink triangle may break up north, find no support and drop straight back down
  • #967,020
  • Mar 10, 2015 12:35am Mar 10, 2015 12:35am
Here's my imagination, I need some advice, thank you all !
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